EFT or ACH or EDI – What's The Difference and Why It's Important

EFT or ACH or EDI – What’s The Difference and Why It’s Important

Software Corporation Inc. proudly provides solutions and services targeted for today’s payment systems marketplace, with understandings and insights to solve complex challenges. For almost 3 decades, SCI has consistently provided clients with the highest level of reliability in the realm of FTM integration and implementation. Check out this article to learn the key differences between ACH,…

2017 NACHA Payments Conference Highlight Reel

2017 NACHA Payments Conference Highlight Reel

Check out this highlight reel from the NACHA Payments 2017 conference that Software Corporation International attended at the end of April! PAYMENTS 2017 marked an important milestone in how those who are driving and adopting innovative payments solutions and practices share information to create common goals that unite progress with clarity of purpose.

ACH Transaction Volume, Value Grow in 2016

ACH Transaction Volume, Value Grew in 2016

Electronic ACH payment transaction volume grew by 5.3 percent in last year, reaching 25.6 billion transactions, according to a report from NACHA, the electronic payments association. The total transaction value was $43.7 trillion in 2016, a 5.1 percent increase over the year prior. Nearly all ACH transactions (94.3 percent) were originated by the top 50 originating depository institutions, while 58.2 percent of all transactions were received by the top 50 receiving depository institutions.

SCI Attends IBM’s 2017 Payments Forum in the UK

SCI Attends IBM’s 2017 Payments Forum in the UK

Software Corporation International (SCI) attended IBM’s 2017 Payments Forum May 23-24 in London, United Kingdom. This is the 4th year that SCI has participated in the conference, which attracts financial institutions and IBM Business Partners from North America and Europe. This forum included sessions and presentations on the Payments industry, thought leadership, and modernization strategies, and it provided opportunities for attendees to listen to the experiences of their peers and exchange ideas.

SCI Attends IBM’s FTM User Group Meeting

SCI Attends IBM’s FTM User Group Meeting: May 18-19, 2017

Software Corporation International (SCI) attended the IBM User Group Meeting for Financial Transaction Manager (FTM) on May 18th and 19th in Durham, NC. This meeting, held at the IBM Software Executive Briefing Center, drew over 50 participants, including representatives from North American financial institutions and from IBM Premier Business Partners.

ACH Fraud Top Trends

ACH Fraud Top Trends

There will be 25 billion ACH transactions occurring annually by 2010, estimates NACHA, the electronics payment association. Many of these transactions will be check conversions at merchants, including Wal-Mart, Target and large supermarket chains.